In sharp U-turn, monetary policy easing is back in play across Asia

Section:

By Marius Zaharia
Reuters
Wednesday, February 20, 2019

HONG KONG -- A slowing global economy and increasing strain on businesses from a year-long Sino-U.S. trade war are tilting central banks from Japan to Australia toward monetary easing in a remarkable 180-degree turn.

Late last year the debate in Japan was focused on the demerits of printing money and the Reserve Bank of Australia was adamant the next likely move in rates will be up. An emerging market currency selloff was seen forcing externally vulnerable economies such as India, Indonesia and the Philippines to keep tightening their policy rates.

... Dispatch continues below ...


ADVERTISEMENT

Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

http://www.goldmoney.com/?gmrefcode=gata



But even they are now subject to rate cut bets.

A softer dollar and lower oil prices played an important role in the turnaround. But crucially for Asia, regional growth engine China is having a worse than expected start to the year and is exporting disinflation to the rest of the region. ...

... For the remainder of the report:

https://www.reuters.com/article/us-asia-economy-rates/in-sharp-u-turn-mo...

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16